WHAT YOU NEED TO KNOW:
No matter where you reside – you must file. All US citizens and Green Card holders must (if they meet minimum filing thresholds) file an annual tax return reporting their worldwide income.

While all must file – most don’t owe. The good news is that most expats don’t end up paying any taxes to the IRS. There are many tax deductions available which allow taxpayers to deduct more than $100,000 from their taxable income. But – they must continue to file. Failure to do so can lead to penalties.